Received: by 2002:ac4:86c3:0:b0:620:db24:c50c with SMTP id s3csp1859496pil; Wed, 31 May 2023 06:59:59 -0700 (PDT) Received: from mail162.sea22.mcdlv.net (mail162.sea22.mcdlv.net. [148.105.12.162]) by mx.google.com with ESMTPS id j21-20020a637a55000000b0053eefa04db9si1031996pgn.48.2023.05.31.06.59.59 for (version=TLS1_3 cipher=TLS_AES_256_GCM_SHA384 bits=256/256); Wed, 31 May 2023 06:59:59 -0700 (PDT) Received: from localhost (localhost [127.0.0.1]) by mail162.sea22.mcdlv.net (Mailchimp) with ESMTP id 4QWW9V5nvVzGmFL9s for ; Wed, 31 May 2023 13:59:58 +0000 (GMT) Return-Path: Reply-To: "CAAT Pension Plan" From: "CAAT Pension Plan" To: Subject: The Spring Member Newsletter is here Date: Wed, 31 May 2023 07:59:58 -0600 Message-ID: <0004dbc7c075be6a283671d37.9e76c34c63.20230531135937.b1a652ec3d.baa560cb@mail162.sea22.mcdlv.net> MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_NextPart_000_03E2_01D99477.D76C2C30" X-Mailer: Mailchimp Mailer - **CIDb1a652ec3d9e76c34c63** List-Unsubscribe: , Thread-Index: AQGfkPFR2+aSe4n2XrxDCzYrncm3OQ== This is a multipart message in MIME format. ------=_NextPart_000_03E2_01D99477.D76C2C30 Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: quoted-printable PLEASE FORWARD THIS TO CAAT PENSION PLAN MEMBERS News and updates =09 View this email in your browser = =09 = =09 =09 =09 Spring Newsletter 2023 = =09 Big news! Plan changes coming in 2025 When the CAAT Plan does better, members do better too. What do we mean = by that? When the Plan is strong and secure, Plan Governors can make = decisions to increase value for members. That=E2=80=99s exactly what we=E2=80=99re doing. CAAT announced as of = January 1 this year that it remains in a strong position at 124% funded = and has moved into Level 5 of the Funding Policy. This means that the = CAAT Plan is stable and secure, due to its prudent, long-term approach = to managing funding. As a result, the Plan Governors approved valuable = changes to both DBprime and DBplus, beginning January 1, 2025. Also, = conditional benefits such as inflation protection increases have been = granted through to 2026. What are the Plan changes? DBprime members =E2=80=93 your pension will cost you less Your DBprime contribution rate will go down by 1% starting January 1, = 2025. You build the same great pension, but with lower contributions. Starting in 2025, you will contribute 10.2% on your earnings below the = Year=E2=80=99s Maximum Pensionable Earnings (YMPE) and 13.8% on your = earnings above the YMPE. This decrease will apply to both member and = employer contributions. DBplus members =E2=80=93 your pension will grow faster Your DBplus pension formula includes an annual pension factor used to = calculate your pension. For the pension you earn after January 1, 2025, = the annual pension factor will be 9.5% of member and employer = contributions (an increase from the current rate of 8.5%). This means = your pension grows over 10% faster, while your contributions stay the = same! How do Plan Governors make these decisions?=20 The Plan=E2=80=99s Governors think carefully about every decision they = make to keep the Plan =E2=80=93 and your pension =E2=80=93 secure for = the long term. They use the valuations and the Funding Policy to make = decisions in your best interest. Ultimately, these Plan changes mean = that your Plan is strong and your pension is secure.=20 Learn more about Plan changes = =09 =09 =09 = =09 Check out the Pensions for Everyone Conference Hub=E2=80=AF CAAT Pension Plan held its inaugural virtual Pensions for Everyone = Conference on Thursday, May 11, with more than 2,100 total registrants = including members, employers and partners. The conference kicked off = with a presentation from Michael Dawson, Chief Financial Officer, and = Asif Haque, Chief Investments Officer, who provided an update on the = Plan's 2022 performance, employer and member growth and what they expect = in 2023.=E2=80=AF=E2=80=AF Our team of pension experts held breakout educational = sessions=E2=80=94including one for active and retired members =E2=80=94 = highlighting why a defined benefit (DB) pension is a Big Deal, = including:=E2=80=AF * How to use our online tools to help decide the right time to = retire=E2=80=AF * Significant Plan changes that will see members get more bang for their = retirement buck starting in 2025=E2=80=AF * How CAAT helps with rising prices by using inflation protection = increases=E2=80=AF * How members can maximize contributions to offset leaves or long = absences at work=E2=80=AF Conference participants joined Derek Dobson, Chief Executive Officer and = Plan Manager, for a fireside chat to learn more about CAAT=E2=80=99s = plans to help make a DB pension accessible to more Canadians.=E2=80=AF Did you miss the Pensions for Everyone Conference? Visit our website = to access all the information = and videos. 2022 Year in Review=20 Explore our 2022 Digital Year in Review = to learn how we=E2=80=99ve = got you covered with a powerhouse pension that helps you invest in your = future self.=E2=80=AF=20 See our Year in Review = =09 =09 = =09 Just launched: What=E2=80=99s your Pensionality? Find out how your pension is working for you by taking CAAT=E2=80=99s = new Pensionality quiz! Your Pensionality is all about how your pension = intersects with the current stage in your life. At every milestone, CAAT = is working behind the scenes to grow, invest, and secure your retirement = income. Your pension is so much more than just a balance =E2=80=93 and = the Pensionality quiz will prove it!=E2=80=AF Take our short, easy quiz to discover your Pensionality = . Want to learn more? Check out this post = on CAAT=E2=80=99s member = blog, Planner. You=E2=80=99ll see how the different Pensionality = profiles are designed to help you learn more about pensions at your own = pace and in your own time.=E2=80=AF Try the Pensionality quiz = =09 =09 = =09 Must read: CAAT=E2=80=99s member blog, Planner Pensions can be complicated =E2=80=93 we want to make them simple! It's = one of the reasons why we created CAAT's member blog, Planner. Planner = gives you access to materials to help you understand your total = financial wellness in addition to your pension.=E2=80=AF=E2=80=AF This corner of our website is just for you, with various articles = tailored to help you achieve your financial goals. From helpful and = practical financial tips to informative reads on financial wellness, = Planner covers many insightful topics to help you stay informed and in = control of your finances.=E2=80=AF Get started and check out our most recent blog post = , "Four tips to help you stay = on track with your financial goals." New content is published monthly, = so bookmark this page and check back for new and exciting = topics!=E2=80=AF=E2=80=AF =E2=80=AF Read the blog = =09 =09 = =09 Ready to learn? Join us in June for our new series It=E2=80=99s time to sign up for our June learning session, =E2=80=9CA = future you can count on: Your CAAT Pension.=E2=80=9D This virtual = session is free to all members. You=E2=80=99ll learn all about the = benefits of your CAAT Pension in this overview. Our June session is perfect for members who are new to the Plan, or = members who are looking for a refresher on the key aspects of their = pension. If you=E2=80=99re ready to learn all about why your pension is = a big deal, join us. Registration = is open for June, July and = August. Pick the time and date that works for your schedule.=20 Register now = =09 =09 = =09 Latest Contributors Podcast tells inspirational story In the latest Contributors podcast = , host Russell Evans speaks = with Dell Technologies' Global Channel Chief Rola Dagher to hear about = her journey from immigrant to inspirational leader. CAAT=E2=80=99s Contributors podcast focuses on how organizations and = leaders are going beyond the bottom line and envisioning a brighter = future for Canada. We=E2=80=99re on a mission of improving retirement = income security for Canada =E2=80=93 and committed to making meaningful = change for a better future for all of us. Our award-winning podcast = helps us increase awareness = of the CAAT Plan to different industries, sectors, and organizations = across Canada. Ultimately, this can help us increase membership of the = Plan.=E2=80=AF Adding more members is good for everyone =E2=80=93 it expands pension = coverage to more Canadians, makes the Plan and pensions even more = secure, and provides easy access to a valuable retirement benefit to = more workplaces.=E2=80=AF=E2=80=AF Listen to Contributors = =09 =09 = =09 Member Survey coming in June At CAAT, your feedback matters. Every summer we get in touch to see and = hear what you think. You will find the annual member survey link in your = inbox in June.=20 Your thoughts and opinions help shape our services to provide our = members with a secure financial future in a meaningful way. From the = 2022 Annual Member Survey, we learned that 58% of members turn to our = website to learn more about their pension. Based on this, we have built = more resources on our site, like CAAT=E2=80=99s member blog, Planner.=20 We look forward to hearing from you!=20 =09 = =09 Join now as a Plan Ambassador Your pension is a big deal! And so is being a Plan Ambassador. When you = join, you=E2=80=99re helping us spread awareness of the positive impact = defined benefit pensions have on society, and the fact that more = Canadians should have access to them.=E2=80=AF=E2=80=AF Joining is easy =E2=80=93 all you need to do is sign up here = . As a Plan Ambassador, = you=E2=80=99ll receive pension information and resources directly to = your inbox showing how CAAT is expanding pension coverage across the = country and how that=E2=80=99s good for you, for your family, and for = your community. See the latest in economic research, learn about broader = Canadian retirement trends, and enjoy messages from CAAT=E2=80=99s CEO, = and more! You=E2=80=99ll even get a Plan Ambassador t-shirt to wear with = pride and spread the word that pensions are for everyone! Sign up = =09 =09 Website = l Contact = =20 =09 =09 =09 Copyright =C2=A9 2023 CAAT Pension Plan, All rights reserved. You are receiving this email as an employer participating in the CAAT = Pension Plan. If you have questions or comments please email us at = contact@caatpension.ca. Our mailing address is: CAAT Pension Plan 250 Yonge Street, Suite 2500 P.O. Box 40 Toronto, ON M5B 2L7=20 Canada Add us to your address book = =20 Want to change how you receive these emails? You can update your preferences = or unsubscribe = from this list = =20 = =20 ------=_NextPart_000_03E2_01D99477.D76C2C30 Content-Type: text/html; boundary="_----------=_MCPart_644365281"; charset="utf-8" Content-Transfer-Encoding: quoted-printable =09 The Spring Member Newsletter is here
=09
PLEASE = FORWARD THIS TO CAAT PENSION PLAN MEMBERS
News and updates
View this email = in your browser
3D""
=09

Spring Newsletter 2023
3D""
=09

Big news! Plan changes coming in 2025


When the = CAAT Plan does better, members do better too. What do we mean by that? = When the Plan is strong and secure, Plan Governors can make decisions to = increase value for members.

That=E2=80=99s exactly what we=E2=80=99re doing. CAAT announced as of = January 1 this year that it remains in a strong position at 124% funded = and has moved into Level 5 of the Funding Policy. This means that the = CAAT Plan is stable and secure, due to its prudent, long-term approach = to managing funding. As a result, the Plan Governors approved valuable = changes to both DBprime and DBplus, beginning January 1, 2025. Also, = conditional benefits such as inflation protection increases have been = granted through to 2026.

What are the Plan changes?

DBprime members =E2=80=93 your = pension will cost you less

Your DBprime contribution rate will go down by 1% starting January 1, = 2025. You build the same great pension, but with lower = contributions.

Starting in 2025, you will contribute 10.2% on your earnings below the = Year=E2=80=99s Maximum Pensionable Earnings (YMPE) and 13.8% on your = earnings above the YMPE. This decrease will apply to both member and = employer contributions.

DBplus members =E2=80=93 your = pension will grow faster

Your DBplus pension formula includes an annual pension factor used to = calculate your pension. For the pension you earn after January 1, 2025, = the annual pension factor will be 9.5% of member and employer = contributions (an increase from the current rate of 8.5%). This means = your pension grows over 10% faster, while your contributions stay the = same!

How do Plan Governors make these decisions?

The Plan=E2=80=99s Governors think carefully about every decision they = make to keep the Plan =E2=80=93 and your pension =E2=80=93 secure for = the long term. They use the valuations and the Funding Policy to make = decisions in your best interest. Ultimately, these Plan changes mean = that your Plan is strong and your pension is secure.
Learn more about = Plan changes
3D""

Check out the Pensions for Everyone Conference = Hub=E2=80=AF

CAAT Pension Plan held its inaugural virtual = Pensions for Everyone Conference on Thursday, May 11, with more than = 2,100 total registrants including members, employers and partners. The = conference kicked off with a presentation from Michael Dawson, Chief = Financial Officer, and Asif Haque, Chief Investments Officer, who = provided an update on the Plan's 2022 performance, employer and member = growth and what they expect in 2023.=E2=80=AF=E2=80=AF

Our team of pension experts held breakout educational = sessions=E2=80=94including one for active and retired members =E2=80=94 = highlighting why a defined benefit (DB) pension is a Big Deal, = including:=E2=80=AF

  • How = to use our online tools to help decide the right time to = retire=E2=80=AF
  • Significant Plan changes that will see members get more bang for = their retirement buck starting in 2025=E2=80=AF
  • How = CAAT helps with rising prices by using inflation protection = increases=E2=80=AF
  • How = members can maximize contributions to offset leaves or long absences at = work=E2=80=AF

Conference participants joined Derek Dobson, = Chief Executive Officer and Plan Manager, for a fireside chat to learn = more about CAAT=E2=80=99s plans to help make a DB pension accessible to = more Canadians.=E2=80=AF

Did you miss the Pensions for Everyone Conference? Visit our website to access all the = information and videos.

2022 Year in Review =

Explore our 2022 Digital Year in Review to learn = how we=E2=80=99ve got you covered with a powerhouse pension that helps = you invest in your future self.=E2=80=AF
See our Year in = Review
3D""

Just launched: What=E2=80=99s your = Pensionality?

Find out how your pension is working for you = by taking CAAT=E2=80=99s new Pensionality quiz! Your Pensionality is all = about how your pension intersects with the current stage in your life. = At every milestone, CAAT is working behind the scenes to grow, invest, = and secure your retirement income. Your pension is so much more than = just a balance =E2=80=93 and the Pensionality quiz will prove = it!=E2=80=AF

Take our short, easy quiz to discover = your Pensionality.

Want to learn more? Check out this post on CAAT=E2=80=99s = member blog, Planner. You=E2=80=99ll see how the different Pensionality = profiles are designed to help you learn more about pensions at your own = pace and in your own time.=E2=80=AF
Try the = Pensionality quiz
3D""

Must read: CAAT=E2=80=99s member blog, Planner

Pensions can be complicated =E2=80=93 we want = to make them simple! It's one of the reasons why we created CAAT's = member blog, Planner. Planner gives you access to materials to help you = understand your total financial wellness in addition to your = pension.=E2=80=AF=E2=80=AF

This corner of our website is just for you, = with various articles tailored to help you achieve your financial goals. = From helpful and practical financial tips to informative reads on = financial wellness, Planner covers many insightful topics to help you = stay informed and in control of your finances.=E2=80=AF

Get started and check out our most recent blog post, "Four = tips to help you stay on track with your financial goals." New content = is published monthly, so bookmark this page and check back for new and = exciting topics!=E2=80=AF=E2=80=AF =E2=80=AF
Read the blog
3D""

Ready to learn? Join us in June for our new = series

It=E2=80=99s time to sign up for our June = learning session, =E2=80=9CA future you can count on: Your CAAT = Pension.=E2=80=9D This virtual session is free to all members. = You=E2=80=99ll learn all about the benefits of your CAAT Pension in this = overview.

Our June session is perfect for members who = are new to the Plan, or members who are looking for a refresher on the = key aspects of their pension. If you=E2=80=99re ready to learn all about = why your pension is a big deal, join us.

Registration is open for June, July = and August. Pick the time and date that works for your = schedule. 
Register now
3D""

Latest Contributors Podcast tells inspirational = story

In the latest Contributors podcast, host = Russell Evans speaks with Dell Technologies' Global Channel Chief Rola = Dagher to hear about her journey from immigrant to inspirational = leader.

CAAT=E2=80=99s Contributors podcast focuses = on how organizations and leaders are going beyond the bottom line and = envisioning a brighter future for Canada. We=E2=80=99re on a mission of = improving retirement income security for Canada =E2=80=93 and committed = to making meaningful change for a better future for all of us.

Our award-winning podcast helps us = increase awareness of the CAAT Plan to different industries, sectors, = and organizations across Canada. Ultimately, this can help us increase = membership of the Plan.=E2=80=AF

Adding more members is good for everyone = =E2=80=93 it expands pension coverage to more Canadians, makes the Plan = and pensions even more secure, and provides easy access to a valuable = retirement benefit to more workplaces.=E2=80=AF=E2=80=AF
Listen to = Contributors
3D""

Member Survey coming in June

At CAAT, your feedback matters. Every summer = we get in touch to see and hear what you think. You will find the annual = member survey link in your inbox in June.

Your thoughts and opinions help shape our = services to provide our members with a secure financial future in a = meaningful way. From the 2022 Annual Member Survey, we learned that 58% = of members turn to our website to learn more about their pension. Based = on this, we have built more resources on our site, like CAAT=E2=80=99s = member blog, Planner.

We look forward to hearing from you!

3D""

Join now as a Plan Ambassador

Your pension is a big deal! And so is being a = Plan Ambassador. When you join, you=E2=80=99re helping us spread = awareness of the positive impact defined benefit pensions have on = society, and the fact that more Canadians should have access to = them.=E2=80=AF=E2=80=AF

Joining is easy =E2=80=93 all you need to do is sign up here. = As a Plan Ambassador, you=E2=80=99ll receive pension information and = resources directly to your inbox showing how CAAT is expanding pension = coverage across the country and how that=E2=80=99s good for you, for = your family, and for your community. See the latest in economic = research, learn about broader Canadian retirement trends, and enjoy = messages from CAAT=E2=80=99s CEO, and more! You=E2=80=99ll even get a = Plan Ambassador t-shirt to wear with pride and spread the word that = pensions are for everyone!
Sign up
=09
Website    = l    Contact
=09
Copyright =C2=A9 2023 CAAT Pension Plan, = All rights reserved.
You are receiving this email as an employer participating in the CAAT = Pension Plan. If you have questions or comments please email us at = contact@caatpension.ca.

Our mailing address is:
CAAT Pension Plan
250 Yonge Street, Suite = 2500
P.O. Box 40
Toronto, ON = M5B 2L7
Canada

Add us to your = address book


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list
3D"" ------=_NextPart_000_03E2_01D99477.D76C2C30--